Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Chewy, Inc. (NYSE: CHWY) is fine. "I think it’s very low, and that’s something worth taking a look," he added.
The company's shares have tumbled around 20% over the past month. On Jan. 11, Barclays analyst Trevor Young upgraded Chewy from Equal-Weight to Overweight and raised the price target from $19 to $30, while Goldman Sachs analyst Eric Sheridan maintained the stock with a Buy and lowered the price target from $40 to $36.
When asked about JetBlue Airways Corporation (NASDAQ: JBLU), he said, "These are airline stocks, and the airline stocks should have been making a lot more money, and I’m not going to start inventing reasons why we should own them. I just don’t have any."
JetBlue Airways said fourth-quarter operating revenue declined by 3.7% year-on-year to $2.33 billion, beating the consensus estimate of $2.29 billion. Adjusted loss per share was $(0.19), surpassing the consensus of $(0.28). Operating expenses increased 0.9% year-over-year to $2.39 billion. The company recorded an operating loss of $(67) million for the quarter, compared to a profit of $43 million a year ago.
Cramer said he likes The Home Depot, Inc. (NYSE: HD). "It’s had a very big run," he noted.
On Jan. 16, Piper Sandler analyst Peter Keith upgraded Home Depot from Neutral to Overweight and raised the price target from $311 to $400.
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The "Mad Money" host recommended buying Schlumberger Limited (NYSE: SLB). "They’re doing well," he added.
Schlumberger recently posted better-than-expected earnings for its fourth quarter. SLB posted adjusted earnings of 86 cents per share, beating market estimates of 84 cents per share. The company’s quarterly sales came in at $8.99 billion versus expectations of $8.96 billion.
Price Action:
- Shares of Chewy rose 0.5% to close at $17.90 on Thursday.
- JetBlue shares gained 5.1% to $5.58 on Thursday.
- Home Depot shares rose 2% to settle at $360.07 during Thursday’s session.
- Shares of SLB rose 0.6% to close at $49.00 on Thursday.
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